Cash
An asset class option that allows you to invest in a single asset. You can select one or a combination of assets.
What is it?
An asset class option that allows you to invest in a single asset. You can select one or a combination of several others. We have five asset class options.
Investment objective
To achieve a return (gross of tax and investment fees) matching that of the Bloomberg AusBond Bank Bill Index.
Investment strategy
We invest in a portfolio consisting primarily of bank deposits, but may include other short-term securities such as highly liquid fixed-interest investments or money market securities.
Investment returns
Super is a long-term investment so it's important to consider returns over the long term as performance may fluctuate over the short term.
5 Year Average % p.a. as of 30/06/2020
Investment performance
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Strategic asset allocation as of 1 October 2019
Investment fees and costs
The estimated investment fees are based on the fees and costs for the previous 12 months to 30 June each financial year. These do not include administration fees.
Investment fee
Indirect cost ratio
Risk profile
We use an industry standard risk measurement to help you understand an investment option’s risk profile, where band 1 is very low risk and band 7 is very high risk.
Disclaimer
The money invested in your cash option is invested in ME Bank Limited deposits, up to to the limit as specified in the Financial Claims Scheme (which, as at 1 October 2019, is $250,000). The amount above this level is invested in highly rated cash management trusts.
Changes to investment options.
We may alter, add, remove or close investment options from time to time without prior notice.
Changes to asset allocations.
We constantly monitor and assess the asset allocation for each investment option and make changes where appropriate without prior notice.
Investment fees
These fees cover investment management, asset custody, and other related costs and are deducted from investments before returns are applied to your account. Investment fees are regularly reviewed and may change from time to time.
Indirect cost ratio (ICR)
This ratio represents estimated costs incurred by the Fund’s investment managers and deducted before investment earnings of each option are received. They take into account the Fund’s experience in the last financial year. They are not deducted from your account or from the Fund’s assets.